Janice received an invoice dated September 25, with terms of 4/10, 1/15, n/30. The net price of the invoice is $42,800.
When is the last day that Janice will receive a 4% discount?
Question 2
2.
Janice received an invoice dated September 25, with terms of 4/10, 1/15, n/30. The net price of the invoice is $42,800.
When is the last day that Janice will receive a 1% discount?
Question 3
3.
Janice received an invoice dated September 25, with terms of 4/10, 1/15, n/30. The net price of the invoice is $42,800.
When is the last day that Janice can pay her bill before it is considered late?
Question 4
4.
Ken received an invoice dated March 9, with terms of 2/10, n/30. The net price of the invoice is $12,500.
When is the last day that Ken can receive a discount?
Question 5
5.
Ken received an invoice dated March 9, with terms of 2/10, n/30. The net price of the invoice is $12,500.
How much is the cash discount worth?
Question 6
6.
Ken received an invoice dated March 9, with terms of 2/10, n/30. The net price of the invoice is $12,500.
What is the net amount that Ken will pay if he receives a discount?
Question 7
7.
Alexia received a bill for $24,560 dated April 6, with terms of 2/10, 1/15, n/30. A 3% penalty is added if the bill is paid after the due date.
Calculate the amount due if the bill is paid on April 16th.
Question 8
8.
Alexia received a bill for $24,560 dated April 6, with terms of 2/10, 1/15, n/30. A 3% penalty is added if the bill is paid after the due date.
Calculate the amount due if the bill is paid on April 20th.
Question 9
9.
Alexia received a bill for $24,560 dated April 6, with terms of 2/10, 1/15, n/30. A 3% penalty is added if the bill is paid after the due date.
Calculate the amount due if the bill is paid on May 5th.
Question 10
10.
Alexia received a bill for $24,560 dated April 6, with terms of 2/10, 1/15, n/30. A 3% penalty is added if the bill is paid after the due date.
Calculate the amount due if the bill is paid on May 11th.
Question 11
11.
Wendy has a bill dated June 27th, with terms of 5/10, 2/15, n/30. The net price on the bill is $10,500. If the bill is paid late, there is a 3% fee added to the bill's total.
Calculate the amount due if the bill is paid on July 8th.
Question 12
12.
Frank has a bill dated August 20th, with terms of 4/10, 1/15, n/45. The net price on the bill is $23,450. If the bill is paid late, there is a 5% fee added to the bill's total.
Calculate the amount due if the bill is paid on October 8th.